Mr. Niall Cody:

The increase between 2014 and 2015 was broad-based and amounted to an extra €2.5 billion. The proportions increased both for Irish indigenous companies and multinationals by approximately the same amount. The issue about corporation tax - this is in the public domain and we have published the figures - is that the ten largest multinational corporations in Ireland pay 40% of total corporation tax receipts.

We are heavily dependent on foreign direct investment companies that pay corporation tax and a significant amount of payroll taxes. They employ many people and they tend to pay higher wages and a great deal of PAYE. We can send the committee a link to the paper because it provides a clear and straightforward presentation of the figures.